Archive for
January 3rd, 2013

A 2% pay cut is in the works for all private sector and most government workers, all courtesy of the fiscal cliff bill enacted yesterday. (Some government workers in certain pension systems don’t pay into social security.)

Gov. Brown pushed through legislation that cuts and caps public pensions for new employees, making a fix-it-to-save-it argument while bypassing the bargaining usually demanded by his labor allies for benefit changes.